Fashion group Ted Baker is forecast to be one of several retailers which will be reporting brighter news from the high street this week.
The designer and retailer saw a 10 per cent rise in sales in the first quarter and is expected to show a similar increase over the past three months. Analysts say Ted Baker, which has 33 shops in the UK and Europe, plus another 150 concessions, is heading for £23m profit in the full year.
Other retailers with trading news this week include Tesco which reports half-year results on Tuesday and is forecast to make £1.6bn in the first half of the year despite a tough first few months which saw UK sales almost static at 1.3 per cent. On Thursday, Marks & Spencer's new chief executive, Marc Bolland, will be giving a trading update which is likely to show shoppers are back buying clothes and food again with more confidence.